Manager Research
all members of our manager research team have over ten years of investment experience.
Investec Asset Management announced their intention to demerge from the Investec Group in September last year. Read more about this announcement here. In order for this to go ahead, Investec needed approval from the relevant regulators and from shareholders. Regulators recently gave the demerger the go-ahead from their perspective, enabling Investec to finally put the vote forward to shareholders for approval. If successful, they are targeting a dual listing on the Johannesburg Securities Exchange and the London Stock Exchange in Q1 2020.
Investec also unveiled the new brand for the asset manager and the IMS platform. The names of both the manco and the platform business will be changed to Ninety One, which pays homage to their roots having been founded in 1991. The changes are only expected to be implemented following the demerger.
Update on Investec's Demerger
21 Nov 2019